Bank-owned (REO) listings in both Placentia and Yorba Linda remain at low levels.

In Placentia approximately 9 percent of all listed properties are bank owned. In Yorba Linda approximately 5 percent are bank owned.

The following update on local real estate information is based on Multiple Listing Service data as of Monday.

PLACENTIA

Properties available: 127

Condominiums: 35

Houses: 92

Short Sales: 44

REOs: 12

Median condo price: $237,900

Median house price: $499,900

Average time on market: 95

Condos: The median priced condo features 2 bedrooms, one bathroom, 954 interior square feet, 2-car garage and HOA dues of $250 per month. This upgraded bank owned condo is listed for $237,900.

Houses: The median priced home features 3 bedrooms, 2.5 bathrooms, 1,750 interior square feet and a 4,164-square-foot lot. This home is located in the gated community of Glen at the Fairways. The list price is $499,900.

Price range of available properties:

Under $500,000: 81

$500,000 – $749,999: 43

$750,000 – $999,999: 3

$1,000,000 and over: 0

Properties put into escrow last week: 8

List price range: $105,000 – $545,000

Description: 4 condos, 4 houses

Average time on market: 140

Most expensive properties: One of the most expensive properties put into escrow features 6 bedrooms, 4 bathrooms, 3,167 interior square feet on a 7,900-square-foot lot and a pool. This upgraded traditional style home is listed for $545,000. The actual sales price cannot be disclosed until after the property closes escrow.

YORBA LINDA

Properties available: 329

Condominiums: 85

Houses: 244

Short Sales: 84

REOs: 19

Median condo price: $250,000

Median price of house in 92886 area: $749,000

Median price of house in 92887 area: $719,000

Average days on market: 106

Condos: The median priced condo features 3 bedrooms, 2 bathrooms, 1,066 interior square feet, one-car garage and one uncovered parking space and association dues of $315 per month. This condo is listed under short sale terms for $250,000.

Houses: The median priced home in the 92887 area features 4 bedrooms, 3 bathrooms, 2,400 interior square feet on a 7,800 square foot lot, 3-car garage, pool, spa and view of the hills. This home is listed for $719,000.

Price range of available properties:

Under $500,000: 110

$500,000 – $749,999: 102

$750,000 – $999,999: 53

$1,000,000 – $1,499,999: 40

$1,500,000 – $1,999,999: 15

$2,000,000 and up: 9

Properties put into escrow last week: 21

List price range: $194,900 – $1,199,000

Description: 4 condos, 17 houses

Average time on market: 50

Most expensive properties: One of the most expensive properties put into escrow features 5 bedrooms, 3 bathrooms, 3,150 interior square feet on a 14,104-square-foot lot, 3-car garage and a pool and spa. This Warmington home is listed under short sale terms for $1,199,000. The actual sales price cannot be disclosed until after the property closes escrow.

Steve Vartanian and Terry Short are Realtors with First Team Real Estate. You may contact them at 714-693-1271, e-mail vartanian1@aol.com or visit their website at www.gotosteveandterry.com.